Ikerd Consulting, LLC: Company Profile

Background

Overview

Ikerd Consulting, LLC (IKERD) is a consulting firm specializing in the building, civil, and industrial construction markets. Established in 2010, the company focuses on assisting project owners, designers, and builders in achieving their objectives through services such as risk management, schedule efficiency, cost control, and quality assurance. IKERD leverages advanced technologies, including Building Information Modeling (BIM), Virtual Design and Construction (VDC), and Laser Scanning (LiDAR), to enhance project outcomes.

Mission and Vision

IKERD's mission is to be "the people building clarity," aiming to reduce risk and prevent failure in construction projects. The firm strives to identify the root causes of issues and educate clients and peers on its findings, thereby enhancing project success and safety.

Industry Significance

As a nationally recognized leader in integrated project consulting, IKERD has significantly influenced the construction industry by promoting the adoption of BIM and VDC technologies. The firm's expertise has contributed to improved project coordination, efficiency, and quality across various construction sectors.

Key Strategic Focus

Core Objectives

IKERD aims to deliver comprehensive consulting services that address the complexities of modern construction projects. The firm's objectives include enhancing project efficiency, reducing costs, mitigating risks, and ensuring high-quality outcomes through the integration of advanced technologies.

Areas of Specialization

The company specializes in several key areas:

Virtual Design and Construction (VDC) with BIM: Utilizing BIM and VDC to improve project planning, design, and execution.

Facility Management Consulting: Assisting clients in managing new and existing facilities efficiently.

LEAN Consulting: Implementing LEAN principles to reduce waste and enhance value in construction processes.

Forensics and Litigation: Providing expert witness and forensic engineering services to address construction disputes and failures.

Key Technologies Utilized

IKERD employs several advanced technologies to achieve its objectives:

Building Information Modeling (BIM): A digital representation of physical and functional characteristics of facilities.

Virtual Design and Construction (VDC): An integrated approach to project design and construction that uses BIM and other tools.

Laser Scanning (LiDAR): A method for capturing precise 3D data of existing conditions to inform design and construction.

Primary Markets Targeted

IKERD serves a diverse range of markets, including:

Building Construction: Residential, commercial, and institutional projects.

Civil Engineering: Infrastructure projects such as roads, bridges, and utilities.

Industrial Construction: Manufacturing facilities and industrial plants.

Financials and Funding

Funding History

Specific details regarding IKERD's funding history, including total funds raised and recent funding rounds, are not publicly disclosed. The company operates as a privately held entity, and such financial information is typically confidential.

Notable Investors

Information about individual investors or venture capital involvement in IKERD is not publicly available.

Utilization of Capital

While specific details on capital utilization are not disclosed, it is reasonable to infer that IKERD invests in:

Technology Acquisition: To maintain and enhance its BIM, VDC, and LiDAR capabilities.

Talent Acquisition: To attract and retain skilled professionals in engineering, technology, and consulting.

Research and Development: To innovate and improve consulting methodologies and services.

Pipeline Development

Key Pipeline Candidates

As a consulting firm, IKERD does not develop products or clinical trials. Instead, the company's "pipeline" consists of ongoing and upcoming consulting projects across various sectors, including:

Commercial Building Projects: Providing BIM and VDC consulting for new constructions and renovations.

Infrastructure Developments: Assisting in the planning and execution of civil engineering projects.

Industrial Facility Planning: Consulting on the design and construction of manufacturing plants and industrial facilities.

Anticipated Milestones

IKERD aims to achieve the following milestones:

Expansion of Service Offerings: Integrating additional technologies and methodologies to enhance consulting services.

Geographical Expansion: Establishing a presence in new markets and regions to broaden its client base.

Industry Leadership: Continuing to lead in BIM and VDC consulting through innovation and expertise.

Technological Platform and Innovation

Proprietary Technologies

IKERD utilizes proprietary methodologies in BIM and VDC to deliver integrated project consulting. The firm has developed specialized processes for:

Clash Detection: Identifying and resolving conflicts in design and construction plans.

Model and Schedule Management: Ensuring that project models and schedules are synchronized and accurate.

Documentation of Existing Conditions: Using LiDAR scanning to create precise models of existing structures.

Significant Scientific Methods

IKERD employs several advanced scientific methods, including:

3D Laser Scanning (LiDAR): Capturing detailed 3D data of existing conditions to inform design and construction.

Virtual Design and Construction (VDC): An integrated approach to project design and construction that uses BIM and other tools.

LEAN Construction Principles: Implementing strategies to reduce waste and improve efficiency in construction processes.

Leadership Team

Key Executives

Brenda H. Ikerd: Founder and President. Brenda established the company in 2003 as Information Integration Concepts (i2concepts) and rebranded it as IKERD Consulting, LLC in 2010.

Will F. Ikerd, PE: Principal. Will joined the firm in 2011, bringing expertise in structural engineering and BIM.

Leadership Changes

In 2011, Will F. Ikerd, PE, joined IKERD Consulting, LLC as a principal, expanding the firm's management team and enhancing its technical capabilities.

Competitor Profile

Market Insights and Dynamics

The construction consulting industry is characterized by a growing emphasis on technology integration, particularly BIM and VDC, to improve project efficiency and outcomes. Companies that offer specialized consulting services in these areas are well-positioned to capitalize on the increasing demand for advanced construction methodologies.

Competitor Analysis

Key competitors to IKERD Consulting, LLC include:

ZS Architectural Engineering: Specializes in structural engineering, building enclosure consulting, forensic science, and BIM.

Maxim Consulting Group: Focuses on enhancing construction processes and project delivery.

Summit Industrial: Offers specialty mechanical contracting services with a focus on turnkey construction solutions.

Prism Infratech Pvt Ltd: Provides comprehensive solutions to the architecture, engineering, and construction industry.

Rubysketch: Revolutionizes the connection between design, estimation, and construction through VDC technology.

Strategic Collaborations and Partnerships

IKERD Consulting, LLC has been actively involved in national BIM committees and task forces for the steel (AISC), concrete (ACI), and glass (GANA) industries, demonstrating its commitment to industry collaboration and leadership.

Operational Insights

IKERD's deep understanding of both construction processes and BIM technology allows it to offer comprehensive solutions that address the complexities of modern construction projects. This expertise positions the firm as a valuable partner for clients seeking to enhance project efficiency and quality.